Financial literacy for musicians.

Category: Insurance Page 2 of 3

Ep. 60: Former professional musician kills the “broke musician” stereotype

Listen on: Apple – Spotify – Soundcloud

Jesse Josefsson from the Thriving Musician Podcast episode 55 interviewed Spenser on his popular Sync My Music YouTube channel!

We talked about:

  • What it means to be “financially literate”
  • Financial mistakes I see musicians make
  • Common sense rules to prepare for artistic freedom

Leave your questions in the comments of the video and we will record another interview to answer them.

Thanks for watching and keep thriving!

Ep. 58: Guitarist and DREAMer supports parents on a musicians salary

Listen on: Apple – Spotify – Soundcloud

Sebastian Tenorio-Vallejo was born in Cali, Colombia but has lived in the greater Tampa Bay region most of his life. He started his career as a professional musician in 2015 and makes a living playing guitar and singing full time.

Ep. 53: Financial planner helps creatives realize their artistic dreams

Listen on: Apple – Spotify – Soundcloud

Lindy Venustus is a CERTIFIED FINANCIAL PLANNER™ helping creatives with financial planning. She founded Create Financial Planning in 2020. She is a fiduciary fee-only trusted advisor that you can come to for honest advice, and not worry about commission sales.

How to measure your cash flow as a professional musician

Cash rules everything around me.

wu tang clan

Listen on: iTunes – Spotify – Soundcloud

After calculating your net worth with a balance sheet the next step to understanding your financial wellness is measuring your cash flow using an income statement.

This spreadsheet will map out all of your expected income and expenses throughout the year to identify shortfalls or excess cash flow.

How to calculate net cash flow

Net cash flow is what remains after your savings, debt payments, insurance premiums, living expenses and tax obligations.

Inflows – outflows = net cash flow

What you do with extra money is up to you!

Maximizing your 15 minutes of fame: How to secure your long-term financial future

“In the future, everyone will be world-famous for 15 minutes.”

Andy warhol

In today’s entertainment industry, the fame game has become more fast-paced and unpredictable than ever. With the rise of social media platforms and the growing popularity of reality TV shows, it’s easier than ever for artists to experience a sudden surge in popularity. However, while this sudden fame can bring a rush of excitement, it’s also important to recognize that it’s not always a permanent thing. Most “one-hit wonders” eventually fade into obscurity, leaving many artists scrambling to make sense of what to do next.

So, how can you make the most of your 15 minutes of fame and ensure your long-term financial future? Here are some tips to consider that will help you maximize your moment in the spotlight and secure your financial well-being for years to come.

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